Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
United Arab Emirates Dirham/New Zealand Dollar (FOREX:AEDNZD)
Bear Market Rally (-75) - AEDNZD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on AEDNZD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid AEDNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for AEDNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AEDNZD
The long-term trend has been DOWN since Jun 3rd, 2020 at 0.42330049
The intermediate-term trend has been DOWN since Oct 21st, 2020 at 0.40830950
The short-term trend has been UP since Feb 26th, 2021 at 0.37241492
Smart Scan Analysis for AEDNZD
Based on our trend formula, AEDNZD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).